Intel CEO Says Turnaround Gets ‘Passing Grade’ After 2 1/2 Years

Intel Corp. Chief Executive Officer Pat Gelsinger said he’s making progress in his push to return the biggest chip manufacturer in the US to global leadership.

“I would give us a passing grade, two and a half years into the journey,” Gelsinger said in an interview ahead of an opening ceremony for a new factory in Leixlip, Ireland. “My product machine is, you know, I won’t say it’s world class, but it’s no longer broken.”